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Property profile & analytics
OFF-MARKET
Estimated value
$6,620,000
Retail residential properties
2103 Grand Concourse 2121 Bronx, NY 10453-3836
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US63-0714993
Property profile
Verified
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Year built
1936
Total area
43,000 SF
Lot
0.27 ac (11,757 SF)
Zoning code
R8
APN
03161-0018
UPID
US63-0714993
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$9.17M
Blend (final)
Blend
$6.62M
Owner & transaction history
2103-2121 LLC D · 6 yrs held
2103-2121 LLC D
since 2020
7 recorded transactions
Zoning & alternative use
R8 · Bronx, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Bronx submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bronx submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$6,210,000
Current use
Blend value · Realmo final
$6.62M
Range $5.96M – $7.28M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$154 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$238,843
Tax year 2024
Assessed value
$1,910,440
Assessed 2024
Previous assessed
$1,887,220
+1.2% YoY
Effective rate
12.50%
On assessed value
Assessed land
$184,950
Assessed improvement
$1,725,490
Land market value
$411,000
Improvement market value
$4,145,000
Total market value
$4,556,000
Applied tax rate
2.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Status
Off-Market
Year built
1936
Heating
NONE
Buildings
1
Stories
6
Units
50
Total area
43,000 SF
Lot
0.27 ac (11,757 SF)
Zoning code
R8
APN
03161-0018
UPID
US63-0714993
Jurisdiction
BRONX
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
R8 · Bronx, NY
Zoning R8 · permitted uses
R8 · Bronx, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Bronx. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$6.2M
COMMERCIAL (GENERAL) Current
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1936
Heating
NONE
Stories
6
Buildings
1
Units
50
Lot
0.27 ac
Current owner
From public records · entity-resolved
2103-2121 LLC D
Entity
Mailing address
1 SOUND SHR DR STE #203, GREENWICH, CT 06830-7251
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 3, 2020
—
2103-2121 LLC D
2103-2121 LLC
Deed
$77,000,000 · Morgan Stanley Bk
Dec 8, 2017
—
2103-2121 LLC
—
Loan Modification, Consolidation And Extension
related
$8,300,000 · Signature Bk
Feb 18, 2015
$10,000,000
2103-2121 LLC
Stadium Holdings LLC
Grant Deed
—
Jul 26, 2004
$4,900,000
Stadium Holdings LLC
Bring Management LLC
Grant Deed
related
—
—
—
2103-2121 LLC
—
Loan Modification, Consolidation And Extension
related
$7,375,000 · Signature Bk
—
—
Stadium Holdings LLC
—
Deed Of Trust
related
$5,600,000 · Peoples United Bank
—
—
Dime Svgs Bk Of Williamsburgh
—
Deed Of Trust
related
$4,877,000 · Stadium Holdings LLC
—
—
Stadium Holdings LLC
—
Deed Of Trust
related
$3,400,000 · Dime Savings Bank Williamsburg
—
—
Stadium Holdings LLC
—
Deed Of Trust
related
$1,477,000 · Dime Savings Bank Williamsburg
—
—
Lynsey Associates LLC D
—
Loan Modification
related
$77,000,000 · Morgan Stanley Bk
—
—
2103-2121 LLC
—
Loan Modification, Consolidation And Extension
related
$925,000 · Signature Bk
—
—
Stadium Hldgs LLC
—
Deed Of Trust
related
$4,650,000 · Amalgamated Bank
—
—
Stadium Holdings LLC
—
Deed Of Trust
related
$19,658 · Amalgamated Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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